The office insurance that allows you to concentrate on your business.
Acquiring a total insurance package for your office is an important part of your business financial planning. ICBC (Asia) Office Insurance (this "Plan") lets you get on with your day to day business so you need not have to deal with the unexpected. Covers are provided for the office contents, employees' compensation and legal liabilities from AXA, the world's largest insurance group.
All Risks on Office Contents and Stock
"All Risks" insurance to protect your office contents, including furniture, fixtures & fittings, tenant's improvements, office equipment and machinery, plus trade samples, etc.
Office Contents |
Up to the limit of (HK$) |
Any one item of office equipment or machinery |
$100,000 |
Any one item of trade samples |
$35,000 |
Any one item of portable office equipment in Hong Kong |
$25,000 |
Any one document, card, tape file, transparency |
$5,000 |
Personal effects belonging to any one employee in the office |
$5,000 |
Additional benefits
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Alterations or Repairs
We will provide coverage for your office contents if they are damaged during alterations or repairs, provided that the contract value not exceeding HK$200,000.
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Document in Transit
Loss of documents in transit anywhere in Hong Kong up to HK$5,000 per year.
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Temporary Removal
This Plan covers loss of or damage to your office contents (excluding trade samples) temporary removed from your office for cleaning, repairing and maintenance up to 10% of the Sum Insured.
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Debris Removal
We will pay for debris removal costs after an insured loss up to 10% of your office contents Sum Insured.
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Fire Extinguishing Expenses
Covers the replacement or refilling costs of fire extinguishers and sprinklers following a fire or an explosion, up to a limit of HK$10,000 per year.
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Architects' and Surveyors' Fees
We will pay the fees for hiring professional architects and surveyors for the reinstatement of your office, up to the limit of HK$5,000 per year.
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Optional Cover
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Stock
This Plan provides protection on damage and loss of stock in office.
Note : Excess for each and every loss is HK$1,000.
Loss due to water damage subject to a minimum excess of HK$3,000 or 10% of the loss.
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Business Interruption
Basic Cover (Free)
This Plan indemnifies you up to HK$500,000 for additional expenditure you may incur after an insured loss in order to avoid or minimise interruption to your business, including the costs of fitting out temporary premises, for a period up to 12 months from the date of the damage.
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Denial of access
Covers you in the event that your office is affected as a result of denial of access for more than 48 consecutive hours due to an emergency or damage to neighbouring property.
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Professional accountants!| fees
Your accountants' charges for the purpose of claims verification are also covered up to HK$50,000 per year.
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Loss of gross profit, gross revenue and/or wages
This Plan provides optional protection on loss of gross profit, gross revenue and/or wages resulting from the business interruption.
Note : Time Excess - 48 Hours
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Electronic Equipment Insurance for Computers (Free)
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Your office computer equipment, systems, data media are protected on "All
Risks" basis including any unforeseen and sudden physical loss or damage, up to a limit of HK$100,000 per year.
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We will also pay for the additional expenditure incurred due to total or partial interruption of operation to your office computer equipment, up to a limit of HK$50,000 per year.
Note : Excess for each and every loss is HK$1,000.
Loss due to water damage subject to a minimum excess of HK$3,000 or 10% of the loss.
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Loss of Money (Free)
Reimburse loss of cash, bank notes, cheques, money orders and postal orders, up to the following limits per year (HK$):
Crossed cheques and other non-negotiable items |
$300,000 |
Inside Premises during office hours |
$30,000 |
In transit in Hong Kong in the custody of you or your authorized employees |
$30,000 |
In a bank night safe |
$30,000 |
Inside Premises after office hours and in locked safe or strongroom |
$20,000 |
Inside Premises after office hours but not in a safe or strongroom |
$5,000 |
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Damage to the Safe
Cover up to HK$10,000 per year for the damaged safe caused by theft.
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Infidelity and Dishonesty
This Plan insures the loss of money due to fraud or dishonesty by employees discovered within three days after the occurrence.
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Office Assault !V Personal Accident (Free)
This Plan provides compensation of accidental death or permanent total disablement for you or your employees as a result of a robbery or attempted theft in the premises, up to a maximum limit of HK$250,000 per injured person. We also cover you or your employees suffer from temporary total disablement, up to a limit of HK$25,000.
Glass Breakage (Free)
This Plan covers accidental breakage of fixed glass up to a limit of HK$20,000 per year.
Note : Excess for each and every loss is HK$1,000.
Public Liability (Free)
This Plan insures you against legal liability for third party bodily injury and/or property damage arising from your business, up to a limit of HK$10,000,000 per year.
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- Tenant's Liability
- Independent Contractor's Liability
- Overseas Visits
- Social and Sports
- First Aid
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Optional Cover
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Employees!| compensation
This Plan insures you as an employer under the Employees' Compensation Ordinance and Common Law for bodily injuries to employees arising out of and in the course of employment, up to a limit of HK$100,000,000 per event.
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Eligibility
This Plan is specially designed for small to medium size offices.
"Type of Business" within our underwriting acceptance.
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Common Exclusions
This Plan contains some exclusions such as:
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- Loss or damage to portable laptop computer
- Shortage due to errors or omissions
- Loss or damage due to war, terrorism and kindred risks and government acts
- Loss or damage due to pollution and contamination
- Loss or damage due to IT/Cyber Risk
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Notes : Please refer to the policy for complete details. A specimen policy can be made available upon request.
Office Contents Sum Insured
We use a simple rating method for this particular Plan. All you need to do is to declare the Sum Insured which reflects the value of your Office Contents. Claims for the loss or destruction of contents (other than stock, trade samples and personal effects) will be settled on the basis of replacement as new. Please ensure the Sum Insured you declare is on the same basis.
How to find out more
| The information contained in this web-site is designed to serve as introduction only. For all relevant clauses and details you should refer to the insurance contract. |
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Personal
Superiority